US Court Orders Ron Devine to Pay $31 Million
US Court Orders Ron Devine to Pay $31 Million

US Court Orders Ron Devine to Pay $31 Million

News summary

The U.S. Court of Appeals has upheld a $31 million judgment against Ron Devine, the former owner of BK Racing, following the team's bankruptcy in 2018. Devine was indicted in 2023 for failing to pay payroll taxes, with the court labeling his conduct as 'egregious' and showing a blatant disregard for the judicial process. BK Racing, which operated in the NASCAR Cup Series from 2012 until its dissolution, faced financial instability leading to its Chapter 11 bankruptcy filing. The ruling requires Devine to pay the amount to the bankruptcy trustees, which will help settle debts owed to creditors and the IRS. Despite having fielded notable drivers, the team struggled and ultimately sold its assets to Front Row Motorsports during the bankruptcy process. Devine's legal issues extend beyond this ruling, with allegations of failing to remit over $390,000 in payroll taxes between 2012 and 2017, resulting in a plea agreement regarding his tax evasion charges.

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